Intertek Group plc’s (ITRK) “Neutral” Rating Reaffirmed at Goldman Sachs Group Inc.
Intertek Group plc (LON:ITRK)‘s stock had its “neutral” rating reissued by investment analysts at Goldman Sachs Group Inc. in a research report issued to clients and investors on Thursday. They currently have a GBX 4,010 ($53.41) price target on the stock. Goldman Sachs Group Inc.’s price target would indicate a potential upside of 11.92% from the company’s previous close.
A number of other research analysts have also weighed in on the stock. BNP Paribas reissued a “neutral” rating and issued a GBX 3,500 ($46.62) target price on shares of Intertek Group plc in a research note on Monday, August 22nd. Credit Suisse Group AG reissued a “neutral” rating and issued a GBX 3,400 ($45.29) target price on shares of Intertek Group plc in a research note on Monday, August 8th. HSBC reissued a “reduce” rating and issued a GBX 3,010 ($40.09) target price on shares of Intertek Group plc in a research note on Monday, August 8th. Kepler Capital Markets raised their target price on shares of Intertek Group plc from GBX 3,410 ($45.42) to GBX 3,580 ($47.68) and gave the stock a “hold” rating in a research note on Tuesday, August 2nd. Finally, Numis Securities Ltd lowered shares of Intertek Group plc to a “reduce” rating and raised their target price for the stock from GBX 2,800 ($37.29) to GBX 3,100 ($41.29) in a research note on Tuesday, August 2nd. Seven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 3,245.41 ($43.23).
Intertek Group plc (LON:ITRK) traded up 0.48% during mid-day trading on Thursday, reaching GBX 3583.00. The company’s stock had a trading volume of 330,468 shares. The company’s 50-day moving average price is GBX 3,577.72 and its 200 day moving average price is GBX 3,310.08. The firm’s market capitalization is GBX 5782.49 billion. Intertek Group plc has a 52 week low of GBX 2,296.00 and a 52 week high of GBX 3,706.00.
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The firm also recently declared a dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 29th will be paid a GBX 19.40 ($0.26) dividend. The ex-dividend date is Thursday, September 29th. This represents a dividend yield of 0.55%.
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